Poland ETF To Start Trading On November 25 (PLND)
The Market Vectors Poland Index (NYSE: PLND) that the ETF Professor has been telling you about will begin trading on Wednesday November 25, 2009. PLND is the first Poland-specific ETF to come to market.
To be eligible for inclusion in the Market Vectors Poland Index, companies must either be incorporated in Poland and have their primary listing in Poland or generate at least 50% of their revenues in Poland.
Each eligible stock must have a full market capitalisation of at least $150 million; a three-month average daily trading volume of at least $1 million and their stock must have traded at least 250,000 shares per month over the last six months, according to Van Eck, PLND's issuer.
No single stock will account for more than 8% of PLND's holdings.
